Title
Resolution approving appraisal and authorizing purchase of property of Hannah King Liles for the Battleground/Cone/Benjamin Intersection Improvement project
Body
Department: Engineering & Inspections
Council District: 4
Public Hearing: N/A
Advertising Date/By: N/A
Contact 1 and Phone: Ted Partrick 373-2308
Contact 2 and Phone: Adam Fischer 373-2861
PURPOSE:
The Property Management Section of the Engineering & Inspections Department is in the process of acquiring right of way and easements for the Battleground Cone Benjamin Intersection Improvement Project. City Council approval is requested for the acquisition of this property.
BACKGROUND:
The Transportation Department has an approved roadway intersection improvement project on Battleground Avenue, Cone Boulevard and Benjamin Parkway. The project is to improve the intersection for better traffic flow and update pedestrian walkways. Construction is scheduled to start in early 2015.
The subject property is located at 2610 Battleground Ave. (parcel # 0030317) and is owned by Hannah King Liles. The property to be acquired was appraised by D. Lynn Cable, MAI with a value of $54,670.00. The owner has agreed to accept the appraised value.
The property is zoned C-M (Commercial). The acquisitions necessary are right of way of 2,160 SF (0.05 acre), a permanent slope easement of only 460 SF (0.01 acre) and a temporary construction easement of 485 SF (0.01 acre).
BUDGET IMPACT:
The purchase of the property will be reimbursed 100% by Federal (80%) and State (20%) funds. The funds are budgeted in account number 220-4587-01.6012 A12082.
RECOMMENDATION / ACTION REQUESTED:
The Property Management Section of the Engineering & Inspections Department recommends approval of the acquisition in the amount of $54,670.00.